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Many of the savings offers and credit cards appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts and credit cards available. Credit score ranges are provided as guidelines only and approval is not guaranteed.

The fee for transfers is $5 or 5% of the transfer amount, whichever is greater. The fee for advances is the greater of $15 or 5% of the transfer amount.

The regular variable APR range for purchases and balance transfers is competitive with what other business credit cards offer. Just remember that the better your credit score, the lower the rate you’ll qualify for.

Business vs. Personal Credit Cards

Business credit cards and personal credit cards may look the same but they’re not. For starters, business credit cards may not be covered by the same consumer protections as personal credit cards.

The 2009 CARD Act outlines the rules for things like APR changes and late fees but those protections don’t necessarily carry over to business cards.

Another thing to consider is how business cards affect your credit. Your personal credit score is used to approve you but your account activity shows up on your business credit report.

Business credit reports are issued by Dun & Bradstreet, as well as the three major credit bureaus. Business credit scores are calculated differently than personal scores.

Finally, business credit cards are meant to be used solely for business expenses. Their rewards structure usually reflects that.

Instead of earning points on groceries, for example, you might earn points when you pay your business’s electric bill or stock up on copy paper.

Applying for a Business Credit Card

Applying for a business credit card is like applying for a personal credit card. The main difference is the kind of information you’ll need to provide.

Besides your name, address and Social Security number, you’ll also need to give the credit card company information about your business. That includes:

Your business’s name

Business structure (i.e. sole proprietorship, LLC, corporation, etc.)

What industry it’s in

The number of employees

Annual revenue

The number of years in business

Your business address

If you have a newer business or you’re just starting out, having a lower revenue doesn’t necessarily bar you from getting a business credit card. In fact, it’s possible to put “0” in the revenue box and still get approved.

That’s because the credit card company is also looking at your personal finances.

If you’re working a regular job full-time and trying to start a business on the side, for example, they’ll consider your salary if you don’t have any revenue yet.

Your personal credit score also plays a big part in whether you can get approved for a business credit card.

If you’ve got a strong FICO score, a lower revenue number is less likely to count against you.

Tip: Business credit cards usually require a personal guarantee. This means that you agree to be personally liable for the debt in case your business defaults on the balance.

How Does It Compare to Chase’s Other Rewards Cards?

The Ink Plus ® Business Card has some competition from Chase’s other rewards cards. Here are three other picks that you prefer for your business.

Chase Ink Cash ®

The Chase Ink Cash ® Card offers cash back on business purchases with no annual fee.

This card offers 5% cash back on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year.

Members earn 2% cash back on the first $25,000 in combined purchases at gas stations and restaurants each account anniversary year.

All other purchases earn 1% cash back. If you’d rather have cash in hand than points, this card could be the way to go.

Chase Sapphire Preferred ®

The Chase Sapphire Preferred ® is a premier travel rewards credit card. It offers unlimited two points per dollar on travel and dining purchases. All other purchases earn one point per dollar.

Members enjoy the 25% points value boost when they redeem for travel through Ultimate Rewards. There’s no foreign transaction fee but there is a $95 annual fee which applies after the first year.

This is a personal card but it can still be used for business. It may be suited to business owners who spend a lot of time wining and dining clients or jetting around to meetings.

Rebecca is a writer for MyBankTracker.com. She is an expert in consumer banking products, saving and money psychology. She has contributed to numerous online outlets, including U.S. News &amp; World Report, and more.